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IBM Executive Reveals Plans To Help Banks Capitalize On DeFi
Summary: According to Cointelegraph, Nitin Gaur, head of financial services and digital assets at IBM, it is critical for Banks to understand and accept DeFi. Otherwise, he says, it could end up undermining their entire business model. DeFi presents a number of regulatory challenges for financial institutions. However, most financial institutions are still in the early ...
According to Cointelegraph, Nitin Gaur, head of financial services and digital assets at IBM, it is critical for Banks to understand and accept DeFi. Otherwise, he says, it could end up undermining their entire business model. DeFi presents a number of regulatory challenges for financial institutions.
However, most financial institutions are still in the early stages of exploration with DeFi, at the crossroads between truly diversified finance and just digitizing traditional securities.
Tracy Chen
